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Double taxation occurs when income earned abroad by an Indian resident is taxed both in the foreign country and in India. Section 90 of the Income Tax Act, 1961, allows residents to claim relief through the Double Taxation Avoidance Agreement (DTAA) signed between India and other countries. This ensures that the same income isn’t taxed twice. By using DTAA provisions, taxpayers can either claim exemption or receive credit for taxes already paid overseas, depending on the tr

Freelancers and self-employed professionals in India must pay advance tax if their annual tax liability exceeds ₹10,000 after TDS adjustments. Advance tax under Sections 207–219 of the Income Tax Act, 1961 ensures that taxes are paid in instalments throughout the year instead of lump sum at year-end. The process helps maintain consistent revenue flow for the government and prevents last-minute tax burdens for professionals. With the 2025–26 updates, clarity on due dates, calc

Tax planning for FY 2024-25 revolves around using the revised income tax slabs, maximizing eligible deductions, and aligning investments with the latest Budget reforms. The government’s emphasis on a simplified new regime and increased standard deductions offers individuals more flexibility in optimizing their tax liability. By choosing the right mix of exemptions, salary structuring, and investments, taxpayers can significantly reduce their overall tax outgo while ensuring c

Filing an Income Tax Return (ITR) is a mandatory annual process for every taxpayer in India. The choice between using the Government’s e-filing portal and a private platform like TaxBuddy can significantly affect how smooth or stressful that experience becomes. While the Government portal offers a free and secure filing option, it demands manual effort and technical understanding. TaxBuddy, on the other hand, simplifies the process with automation, expert guidance, and mobi

Taxpayers often stop at Section 80C when planning their savings, overlooking several other powerful deductions under the Income Tax Act, 1961. These lesser-known sections can substantially reduce tax liability while aligning financial goals with long-term benefits such as health coverage, education, and retirement planning. With the right mix of deductions and informed investment decisions, tax planning becomes a strategic advantage rather than a routine annual task. Table

The Indian tax system often leaves even experienced taxpayers with questions—whether about choosing the correct ITR form, claiming deductions, or resolving notices. TaxBuddy’s Schedule-a-Call feature bridges this gap by allowing users to connect directly with qualified tax professionals who offer real-time, personalized advice. This interactive consultation helps clarify doubts, avoid filing errors, and maximise eligible tax benefits. Table of Contents What Is the Schedule-a

Tax-saving investments under Section 80C continue to be the foundation of smart financial planning for Indian taxpayers in 2025. With the deduction limit capped at ₹1.5 lakh, Section 80C covers a diverse mix of traditional savings and modern market-linked instruments. Each option not only helps reduce taxable income but also contributes to disciplined wealth creation. Understanding the key investment avenues under this section can help individuals choose instruments that mat

Chapter VI-A of the Income Tax Act, 1961 provides a structured way for taxpayers to reduce their taxable income through specific deductions. These deductions cover investments, insurance premiums, medical expenses, donations, and interest income, offering comprehensive relief under the old tax regime. The updated list for FY 2024-25 includes sections ranging from 80C to 80U , with limits designed to encourage financial discipline and savings. TaxBuddy simplifies this proces

Automated ITR filing tools have transformed how taxpayers in India prepare and submit their income tax returns. These intelligent platforms use AI-driven automation, pre-filled forms, and real-time validations to reduce human error and save time. By connecting directly with PAN, Form 16, and Form 26AS databases, they simplify data collection, ensuring accuracy and compliance with the Income Tax Act, 1961. From salaried professionals to freelancers and NRIs, these tools make

Artificial Intelligence (AI) is reshaping how income tax returns are filed in India. Integrated with real-time data analytics and machine learning, AI-driven tax filing systems ensure unmatched accuracy and faster refund processing under the Income Tax Act, 1961. These platforms cross-verify income, deductions, and TDS data from multiple sources such as Form 26AS, AIS, and TIS. As a result, they minimize human error, reduce mismatches, and accelerate verification timelines. T